U.S. Added 201,000 Jobs in August; Unemployment Rate Steady at 3.9% [View all]

[BumRushDaShow]

Source: New York Times

The Labor Department released its monthly hiring and unemployment figures for August on Friday morning, providing one of the better snapshots of the state of the American economy.
The Numbers

■ 201,000 jobs were added last month. Economists had expected a gain of about 190,000.

■ The unemployment rate remained at 3.9 percent.

■ Average hourly earnings rose by 0.4 percent after growing by 0.3 percent in July. The year-over-year gain is 2.9 percent.

Read more: https://www.nytimes.com/2018/09/07/business/economy/jobs-report.html

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More to come when my buddy checks in!

And here we go -

Payroll employment increases by 201,000 in August; unemployment rate unchanged at 3.9%

Economic News Release USDL-18-1412

Employment Situation Summary
Transmission of material in this news release is embargoed until 8:30 a.m. (EDT) Friday, September 7, 2018

Technical information:
Household data: [phone] * [e-mail] * www.bls.gov/cps
Establishment data: [phone] * [e-mail] * www.bls.gov/ces

Media contact: [phone] * [e-mail]


THE EMPLOYMENT SITUATION -- AUGUST 2018


Total nonfarm payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, wholesale trade, transportation and warehousing, and mining.

Household Survey Data

The unemployment rate remained at 3.9 percent in August, and the number of unemployed persons, at 6.2 million, changed little. (See table A-1.)
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Both the labor force participation rate, at 62.7 percent, and the employment-population ratio, at 60.3 percent, declined by 0.2 percentage point in August. (See table A-1.)
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MORE: https://www.democraticunderground.com/10142152585#post19